Kraken Robotics Announces the Passing of Founder and Former CEO, Karl Kenny
ST. JOHN’S, Newfoundland and Labrador, Feb. 13, 2025 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is saddened to announce the passing of Founder and former CEO, Karl Kenny on February 11, 2025, at the age of 64. Karl founded Kraken in 2012 and was instrumental in building the company into a leading player in subsea robotics over his 10-year tenure, before retiring in December 2022.
“An ideas man and a builder, Karl’s energy was as relentless as his passion to compete against the bigger industry players,” said Greg Reid, President and CEO of Kraken Robotics. “He was an incredible force that drove Kraken to success. On behalf of the Board of Directors, management and employees, he will be sorely missed.”
Karl grew up in a small fishing village in Newfoundland with a deep connection to the sea. Over his 45-year career in the marine technology industry, he led the development of a wide range of advanced marine technologies and products in Canada, the United States, and Europe.
Karl spent time as a maritime surface officer with the Canadian Navy and was always involved in high technology. In the 1980’s, he was a part of the Microsoft mouse project team and in the 1990’s he formed Telepix, a leader in photo e-commerce solutions. He co-founded Marport Deep Sea Technologies Inc. in July 2003 and served as its President and CEO until December 2011. In 2012, Karl founded Kraken to commercialize compact, lower-cost synthetic aperture sonar technology for unmanned systems.
“Karl’s strategic vision and entrepreneurial spirit enabled Kraken, a small start-up out of Newfoundland, to punch well above our weight and become recognized world-wide for our high-resolution synthetic aperture sonar technology,” said David Shea, Executive Vice President and CTO of Kraken Robotics. “We’re grateful for everything Karl contributed to Kraken and recognize that he leaves behind a legacy of innovation and excellence that we will continue to carry on in our work.”
Figure 1: Karl Kenny, Kraken Robotics Founder and former CEO
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.
LINKS:
www.krakenrobotics.com
SOCIAL MEDIA:
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Instagram www.instagram.com/krakenrobotics
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release.
For further information:
Erica Hasenfus, Director of Marketing
erica.hasenfus@krakenrobotics.com
Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com
Greg Reid, President & CEO
(416) 818-9822
greid@krakenrobotics.com
Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/de5ad4ab-827f-4dec-9ec4-08654888e60b
